TFi Price Action Resampling Filter V1The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements.
Overview of features:
Optional stop-loss
Optional flags to control the position entry
Optional flags to control the position exit
Built-in backtesting engine with start balance, position size and pyramiding
Inputs for a percentage entry and exit slippage, entry/exit and daily funding fees
Configurable alerts, which follow the exact position of the entry/exit marker
Alert messages contain predefined trading instruction to execute orders via Alertatron or TradeFab's proprietary trading server
The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results.
It shows the following statistic values:
Current position PnL - also background turns green if position is in profit and red if in loss
Average entry price and number of positions
Current percentage distance to the optional stop-loss level
Current Maximum Draw Down
Overall number of wins and losses and the win/loss ratio
Overall profit and loss amount, paid fees
Overall profit-ratio and Maximum Draw Down
Overall balance and ROI
Alerts
Squeeze Momentum Indicator MTF with alerts [lazy bear]MTF version of the popular squeeze momentum indicator, created and shared by Lazy Bear
OptionsMillionaire SPY Moving Averages and Signalsby ColeJustice
OptionsMillionaire's SPY Options trading system is based mainly on these indicators:
- 8 EMA*
- 21 EMA*
- 100 SMA*
- 200 SMA*
- MACD
- RSI
- Squeeze Momentum
(*provided by this indicator)
and follows these rules:
|
| 1) I never fight the trend. If its green, i buy calls. If its red, i buy puts. I will only buy puts on a green day if there is a overall change in market trend. Inversely, calls on a red day
| 2) Price action is my #1 indicator. I wait for it to confirm my thesis before i enter a trade
| 3) I only trade SPY Options
| 4) My baseline is to choose a call/put that has a DTE (Date To Expiration) 6-7 days out, with a strike $2-$3 away. I adjust that to fit my current appetite for volatility. i virtually never play same day DTE's.
| 5) I set a 10% stop, but usually exit at 8% before my stop triggers depending on current situation
| 6) I utilize about 10-20% of my Portfolio for one trade. Sometimes more. Rarely less.
| 7) I never hold overnight in these market conditions.
| 8) I shoot for 10-20% for gains. Depending on market conditions.
| 9) Always look for confirmations in your indicators.
| 10) I never force a trade. No trade is a good trade too if the entry just isn't there.
| 11) Patience always pays off. A great set-up can form in minutes or seconds. I never regret being patient to enter. I nearly always regret rushing into a trade.
|
This indicator combines the moving averages into a single unit to simplify one part of the indicator usage rules: the 8 EMA / 21 EMA Cross. . The 8 crossing over the 21 is a Bullish signal, while the 8 crossing under the 21 is a Bearish signal. This indicator places flags at these crossover/under points, as well as shading the area between the 8 and 21 EMAs to help visualize the strength of the trend; green during a Bullish cross, and red during a Bearish cross.
A new addition to this strategy is the Hull Moving Average, or HMA. This script defaults to an HMA of 20 and shows alerts when candles close above or below the plot in the form of green and red candle backgrounds. This alert is best used in conjunction with the main crossovers and should be considered an addition level of confidence rather than providing trade entry/exits directly. This indicator is more flexible and you should feel free to adjust the period if you find a different value works better within your own personal trading style.
Each individual element of this indicator can be modified or toggled, providing maximum customization. While you should strive to become comfortable with the default settings, these options are provided in case you feel the need to adjust for your own style (or if testing on tickers other than SPY, for example).
Goodluch, and happy trading!
Agisko Crypto Scalper v4.2 (BUY/SELL)Indicator that generates BUY and SELL shapes with alerts.
OSC scale can be configured to visualize the oscillator better. Nothing required, just for visualization.
DMI mark is by default 10 which is fine for most situations.
DMI range is the buffer zone where BUY orders will be created. E.g.: DMI mark 10 and DMI range 1 will create a zone for BUY when DMI+ is between 9 and 11 (10-1 and 10+1).
This works perfect on the 5 minute chart and is suggested to use the SELL alert for exits or use a take profit (TP) of 1% with optional trailing if you use bots like 3 commas.
Stoploss is the same. Use the SELL alert or set a manual stoploss of 2-5%.
[FP] STOCH & ADX EASY ALERTENG DESCRIPTION
This script is a simple request from user, that want to have an allert when ADX and Stochastic has certain contidion.
Also this indicator show when ADX is > or < than 40 when with red and green diamonds on top.
It's used to validate a weakly setup to trade FUTURES.
DESCRIZIONE IN ITALIANO
Questo script è una semplice richiesta da parte di un utente, il quale richiedeva un alert quando lo Stocastico e l'ADX raggiungono determinate condizioni.
Inoltre l'indicatore mostra quando l'ADX è maggiore o minore di 40 plottando dei diamanti in alto sul grafico.
Carpe Diem [Alerts]Carpe Diem Alerts, a wave cycle strategy that only enters when markets are up trending.
The script uses 3 different trend detection indicators including volume which helps with confirmation.
This script has 10 variations built within it which are fitted for the coins differnt coinditions
Alertconditions for longs and long Exits are added for these coins
The coins included are
BTC /USDT 4H
ETH/USDT 4H
LTC/USDT 4H
ADA/USDT 4H
BNB/USDT 2H
BAND/USDT 4H
BAT/USDT 3H
OGN/USDT 4H
ZIL/USDT 4H
BZRX/USDT 2H
How to use the Indicator
You can change what plots are shown in the settings Cog
When the wave lines are green, the market is up trending and will be looking for a trade whereas when they are red, the market is in a sideways or downtrend.
The buy signal is given by the fast wave either crossing over the slow wave line, or crossing over the value of 25.
The exit signal is when the wave crosses back under the 75 value
There is NO Repaint. The script is written in version 4
This strategy performs best on the Binance listings
Trend Surfers - Premium Breakout + AlertsTrend Surfers - Premium Breakout Strategy with Alerts
I am happy today to release the first free Trend Surfers complete Breakout Strategy!
The strategy includes:
Entry for Long and Short
Stoploss
Position Size
Exit Signal
Risk Management Feature
How the strategy works
This is a Trend Following strategy. The strategy will have drawdowns, but they will be way smaller than what you would go through with buy and old.
As a Trend Following strategy, we will buy on strength, when a breakout occurs. And sell on weakness.
The strategy includes a FIX Stoploss determined by an ATR multiple and a trailing Stoploss/Takeprofit also determined by an ATR multiple.
You can also manage your risk by entering the maximum % you are willing to risk on every trade. Additionally, there is an option to enter how many pairs you will be trading with the strategy. This will change your position size in order to make sure that you have enough funds to trade all your favorite pairs.
Use the strategy with alerts
This strategy is alert-ready. All you have to do is:
Go on a pair you would like to trade
Create an alert
Select the strategy as a Trigger
Wait for new orders to be sent to you
Every Entry (Long/Short) will include:
Market Entry (Enter position NOW!)
Stoploss price
Position Size
Leverage
* If you do not wish to use leverage, you can multiply the Position Size by the Leverage. But doing that, you might end up with a position greater than your equity. Trading on Futures is better in order to have accurate risk management.
Exit signals:
When you receive an exit signal, you need to close the position ASAP. If you want to keep your results as close as possible to the backtest results, you need to execute quickly and follow what the strategy is telling you.
Do not try to outsmart the strategy
Leave your emotion out of trading! If you trust the strategy, you will have way better returns than if you try to outsmart it. Follow each signal you receive even if it doesn't seem logical at the moment.
Become a machine that executes. Don't look at fundamentals. Follow the trend! Trust the strategy!
I hope you enjoy it!
BitcoinNinjas NINJASIGNALS V4 (Script)BitcoinNinjas NINJASIGNALS V4 (Script)
(for Cryptocurrencies, Forex, GunBot, ProfitTrailer, Autoview, CryptoHopper, manual or automated trading, and more)
This is version 4 of our Ninja Signals trading script, with accompanying backtesting strategy.
BitcoinNinjas NINJASIGNALS V4 (Strategy)
•Allows users to easily set automated buy/long and sell/short alerts on TradingView for use with automatic and manual trading of cryptocurrencies, Forex securities, and more (alerts are compatible with automatic trading software such as GunBot, ProfitTrailer, Autoview, CryptoHopper, and more).
•Synthesizes many powerful indicators [e.g., Relative Strength Index (RSI), Stochastic RSI, Money Flow Index (MFI), Moving Average Convergence Divergence (MACD), etc.) into one powerful script to generate very precise buy and sell signals in virtually all market conditions.
•Features user-defined adjustable calibration settings, allowing traders to customize the script to fit any currency / security on any exchange available through TradingView.com, simply by adjusting settings.
•Buy/Long arrows, Sell/Short arrows, & EMA trendline can be customized or hidden, if desired.
•Complete with backtesting strategy version of script which allows users to test various trading strategies based on the alerts the script generates (see information and screenshots below).
•Backtesting strategy features a user-defined adjustable date range, so traders can estimate performance of the script over specific periods of time, such as the last week, month, or year.
•Script and backtesting strategy feature many user-adjustable settings including stop loss and take profit alerts, an ‘only sell for profit’ option (Gunbot-specific), many different buy and sell filters, and more. Simply adjust the script settings and the backtesting results will automatically refresh.
•Backtesting strategy allows for pyramid buying to test various average down / dollar cost average trading strategies. Simply adjust the number of pyramid buys and the quantity of each buy.
•Fully compatible with margin and futures trading for any currency / security on TradingView.com.
DISCLAIMER: By using our BitcoinNinjas ‘Ninja Signals’ planning script, you agree to the BitcoinNinjas 'Terms of Use'. No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. BitcoinNinjas is not responsible for any losses you may incur. Please invest wisely.
BitcoinNinjas NINJASIGNALS V4 (Strategy)BitcoinNinjas NINJASIGNALS V4 (Strategy)
(for Cryptocurrencies, Forex, GunBot, ProfitTrailer, Autoview, CryptoHopper, manual or automated trading, and more)
This is version 4 of our Ninja Signals trading script, with accompanying backtesting strategy.
BitcoinNinjas NINJASIGNALS V4 (Script)
•Allows users to easily set automated buy/long and sell/short alerts on TradingView for use with automatic and manual trading of cryptocurrencies, Forex securities, and more (alerts are compatible with automatic trading software such as GunBot, ProfitTrailer, Autoview, CryptoHopper, and more).
•Synthesizes many powerful indicators [e.g., Relative Strength Index (RSI), Stochastic RSI, Money Flow Index (MFI), Moving Average Convergence Divergence (MACD), etc.) into one powerful script to generate very precise buy and sell signals in virtually all market conditions.
•Features user-defined adjustable calibration settings, allowing traders to customize the script to fit any currency / security on any exchange available through TradingView.com, simply by adjusting settings.
•Buy/Long arrows, Sell/Short arrows, & EMA trendline can be customized or hidden, if desired.
•Complete with backtesting strategy version of script which allows users to test various trading strategies based on the alerts the script generates (see information and screenshots below).
•Backtesting strategy features a user-defined adjustable date range, so traders can estimate performance of the script over specific periods of time, such as the last week, month, or year.
•Script and backtesting strategy feature many user-adjustable settings including stop loss and take profit alerts, an ‘only sell for profit’ option (Gunbot-specific), many different buy and sell filters, and more. Simply adjust the script settings and the backtesting results will automatically refresh.
•Backtesting strategy allows for pyramid buying to test various average down / dollar cost average trading strategies. Simply adjust the number of pyramid buys and the quantity of each buy.
•Fully compatible with margin and futures trading for any currency / security on TradingView.com.
DISCLAIMER: By using our BitcoinNinjas ‘Ninja Signals’ planning script, you agree to the BitcoinNinjas 'Terms of Use'. No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. BitcoinNinjas is not responsible for any losses you may incur. Please invest wisely.
Multiple Alerts by MortyMultiple Alerts by Morty
Version 1.0, Updated at 20210322
When the following signals meet the conditions, alerts will be triggered.
close price cross SMA
SMA_fast cross SMA_slow
MACD cross signal
RSI overbought and oversold
close price cross Bollinger Bands
Momentum cross 0 level
This script will also plot two MAs, EMA default ( SMA optional ).
TargetPredictorThis indicator is very easy to use, but it is still good to follow some basic rules when using it.
Whatever time frame you use, it is always necessary to wait for a particular candlestick to complete. Only in this way can we reach certain conclusions.
You can use the indicator in both directions. When a particular currency rises and when a particular currency falls. If it happens that the targets are marked in the opposite direction than expected, go to settings and check "Reverse".
Horizontal lines represent future targets. The most important of these is the “Turning Point,” which represents the dividing line between the continuation of a trend or its rejection.
If it happens that the candlestick ends above the “Turning Point” the continuation of the trend to the first target is very likely. When the candlestick exceeds the first target, it is the turn of the second target, etc.
Enjoy using the indicator and get in touch with any comments :-)
Custom Screener with Alerts V2 [QuantNomad]TradingView just recently announced the alert() function that allows you to create dynamic alerts from both strategies and studies.
So I decided to update custom screener I published before. It was based on alerts from orders in strategies, that was the only way to create dynamic alerts in PineScript at that point.
With the alert() function code become cleaner and more readable.
It works for up to 40 symbols at the same time.
You can create an alert from it easily by selecting screener name from the list and then selecting "Any alert() function call".
No additional configuration is required, message and alert on close I set up in the code.
I created as an example a screener that tracks both overbought (RSI > 70) and oversold stocks (RSI < 30).
To create your own screener you have to change only screenerFunc().
By design it should output 2 values:
cond - True/False Boolean variable. Should this instrument be displayed in the screener?
value - Additional numeric value you can display in your screener. I display RSI level for selected stocks for example.
Link to the old screener:
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Previous Period Levels - X Alerts====== ABOUT THIS INDICATOR
- A simple but highly customisable display of previous higher time-frame
OHLC values, drawn using line.new and label.new. Nothing fancy but...
- Customised resolution input which excludes time frames lower than 1 hour
while extending the common higher reference inputs to include:
• 6, and 12 Hour
• 5 Day
• 3, and 6 Month
• 1 Year
- Alert conditions using an adjustable SMA to help reduce false positive
spam.
- Full visual customisation options for (almost) every aspect, so it can be
tuned to suit most individual preferences.
- In line with the miriad visual customisation options is the ability to
change the display format of the Labels, to show more or less information,
or disable them altogether.
====== REASON FOR STUDY
- To practice advanced user input option handling to allow for a full visual
customisation experience without stepping outside of, or interfering with,
the intended function of the indicator.
- Provide reasonably clear code commenting and structure in order to be
useful as a potential learning aid for others, and future reference for
myself.
====== DISCLAIMER
Any trade decisions you make are entirely your own responsibility.
I've made an effort to squash all the bugs, but you never know!
Dynamic Messages & Easy Screener1. Dynamic Message alerts with a Screener function
2. labels are generated using array strings making it easier to customize
3. Alert messages have well defined output with data variables
4. Traders with limited Pine knowledge can also plugin their functions
5. Closely track the alerts with Easy Screener
6. Attach it to the desired chart for alert periodicity and set resolution to the indicator setup
7. OHLC values for scanned securities also extracted for ready use in any indicator or study
Happy Trading and rest your sore eyes with Easy Screener!!
Enjoy TV on the GO!
RSI-VWAP Indicator %█ OVERALL
Simple and effective script that, as you already know, uses vwap as source of the rsi, and with good results as long as the market has no long-term downtrend.
RsiVwap = rsi (vwap (close), Length)
The default settings are for BTC in a 30 minute time frame. For other pairs and time frames you just have to play with the settings.
█ FEATURES
• The option to start trading from a certain date has been added.
• To make the profit more progressive, a percentage of your equity is used for entries and a percentage of your position is used for closings.
• The option to trade in Spot mode has been added, since, for the TradingView backtest, the money is infinite and if you do not limit it somehow,
it would offer you much better profits than the live trading.
QuantityOnLong = Spot ? (EquityPercent / 100) * ((strategy.equity / close) - strategy.position_size) : (EquityPercent / 100) * (strategy.equity / close)
• The option to stop the system when the drawdown exceeds the fixed limit has been added.
Drawdown, as you already know, is a very important measure of risk in trading systems.
The maximum drawdown will tell us what the maximum loss of a trading system has been during a period. This maximum loss is determined by:
strategy.risk.max_drawdown(Risk, strategy.percent_of_equity)
• Leverage plotted on labels added.
█ ALERTS
To enjoy the benefits of automatic trading, TradingView alerts can be used as direct buy-sell orders on spot, or long-close orders with leverage.
Currently there are Chrome extensions that act as a bridge between TradingView and your Exchange or Broker.
This is an example of syntax for this type of extensions. Copy and paste a message like this into the alert window:
{{strategy.order.action}} @ {{strategy.order.price}} | e = {{exchange}} a = account s = {{ticker}} b = {{strategy.order.action}} {{strategy.order.alert_message}}
█ NOTE
Certain Risks of Live Algorithmic Trading You Should Know:
• Backtesting cannot assure actual results.
• The relevant market might fail or behave unexpectedly.
• Your broker may experience failures in its infrastructure, fail to execute your orders in a correct or timely fashion or reject your orders.
• The system you use for generating trading orders, communicating those orders to your broker, and receiving queries and trading results from your broker may fail.
• Time lag at various point in live trading might cause unexpected behavior.
• The systems of third parties in addition to those of the provider from which we obtain various services, your broker, and the applicable securities market may fail or malfunction.
█ THANKS
Thanks to TradingView, its Pine code, its community and especially those Pine wizards who post their ideas that helps us to learn.
If the world is heading toward a equitable new world economic order, let's get rich first ...
Happy trading!
MACD signal with alert (long/short/close) for TV free accountSend MACD alert through email (available for free/pro user):
// 3 - buy
// -2 - short
// 0 - close position
// 1 - ignore
Example buy signal
Alert: STRAT3. BINANCE:BTCUSDTPERP, price = 31080
Example sell signal
Alert: STRAT-2. BINANCE:BTCUSDTPERP, price = 31080
Example close signal
Alert: STRAT0. BINANCE:BTCUSDTPERP, price = 31080
Example ignore signal
Alert: STRAT1. BINANCE:BTCUSDTPERP, price = 31080
[NLX] Trading Engine (Backtest+Alerts) [Beta]This is a different version of my backtest module, which will be a fully featured alert and backtest tool.
The new strategy alerts will be integrated so we don't require 2 different scripts anymore. All in one.
There are no stop mechanism in this version. The entry and exit signal has to come from your indicator (you can set the signal values yourself).
It also integrates a ProfitView Alert Builder. This is an early beta and the alerts are not working yet!
Stay tuned for more updates!
New Alerts Allow for Dynamic Messageswww.tradingview.com
Following the last example from the link above, I added a function return to plot the calculated RSI value for each ticker.
For this, I added the expression of the rsi bult-in function in the security call, to send as a return to the plot function.
Ps. I purposely inverted the crossunder/crossover calls for testing here.
Bars Since Last EMA Touch
This indicator keeps track of how many bars since price touched any EMA last time. You can for example
set 200 EMA. Tell the script to send an alert if/when 400 bars has been reached away from the EMA 200.
- You can hide/show The EMA Line.
- You can hide/show bar Count.
- You can set X bars from EMA to get Alert.
- You can change color of The Badge and EMA line to fit your background colors.
Enjoy!
Another Indicator From The Hunter Trading Group
TradingView Alerts to MT4 MT5 - Forex, indices, commoditiesHowdy Algo-Traders! This example script has been created for educational purposes - to present how to use and automatically execute TradingView Alerts on real markets.
I'm posting this script today for a reason. TradingView has just released a new feature of the PineScript language - ALERT() function. Why is it important? It is finally possible to set alerts inside PineScript strategy-type script, without the need to convert the script into study-type. You may say triggering alerts straight from strategies was possible in PineScript before (since June 2020), but it had its limitations. Starting today you can attach alert to any custom event you might want to include in your PineScript code.
With the new feature, it is easier not only to execute strategies, but to maintain codebase - having to update 2 versions of the code with each single modification was... ahem... inconvenient. Moreover, the need to convert strategy into study also meant it was required to rip the code from all strategy...() calls, which carried a lot of useful information, like entry price, position size, and more, definitely influencing results calculated by strategy backtest. So the strategy without these features very likely produced different results than with them. While it was possible to convert these features into study with some advanced "coding gymnastics", it was also quite difficult to test whether those gymnastics didn't introduce serious, bankrupting bugs.
//////
How does this new feature work? It is really simple. On your custom events in the code like "GoLong" or "GoShort", create a string variable containing all the values you need inside your alert and this string variable will be your alert's message. Then, invoke brand new alert() function and that's it (see lines 67 onwards in the script). Set it up in CreateAlert popup and enjoy. Alerts will trigger on candle close as freq= parameter specifies. Detailed specification of the new alert() function can be found in TradingView's PineScript Reference (www.tradingview.com), but there's nothing more than message= and freq= parameters. Nothing else is needed, it is very simple. Yet powerful :)
//////
Alert syntax in this script is prepared to work with TradingConnector. Strategy here is not too complex, but also not the most basic one: it includes full exits, partial exits, stop-losses and it also utilizes dynamic variables calculated by the code (such as stop-loss price). This is only an example use case, because you could handle variety of other functionalities as well: conditional entries, pending entries, pyramiding, hedging, moving stop-loss to break-even, delivering alerts to multiple brokers and more.
//////
This script is a spin-off from my previous work, posted over a year ago here: Some comments on strategy parameters have been discussed there, but let me copy-paste most important points:
* Commission is taken into consideration.
* Slippage is intentionally left at 0. Due to shorter than 1 second delivery time of TradingConnector, slippage is practically non-existing.
* This strategy is NON-REPAINTING and uses NO TRAILING-STOP or any other feature known to be causing problems.
* The strategy was backtested on EURUSD 6h timeframe, will perform differently on other markets and timeframes.
Despite the fact this strategy seems to be still profitable, it is not guaranteed it will continue to perform well in the future. Remember the no.1 rule of backtesting - no matter how profitable and good looking a script is, it only tells about the past. There is zero guarantee the same strategy will get similar results in the future.
Full specs of TradingView alerts and how to set them up can be found here: www.tradingview.com
EMA CrossoversUseful for identifying and receiving alerts about uptrends and downtrends.
This script uses two Exponential Moving Averages (EMAs) to find price uptrends and downtrends. An Exponential Moving Average (EMA) is a type of moving average that places a greater weight and significance on the most recent data points. The script produces uptrend and downtrend signals based on crossovers and divergences between the two EMAs, the user will be able to spot a trend change (when the EMAs crossover) and to determine the strength of the current trend (when the EMAs diverge). It is also posible to get alerts for uptrends and downtrends on the web and mobile app with sound and pop-ups as well as via email. The optimal time to enter and exit the market can be concluded from this trend changes.
The user can set their own EMAs, by default they are set to 21 and 55 periods for medium and long term respectively. When the medium term EMA crosses below the long term EMA the asset is in a downtrend and the price will decline, and when the medium term EMA crosses above the long term EMA the asset is in an uptrend and price will increase.
This scripts plots the following indicators and signals on the chart to help the user to identify trends:
1.- Medium and long term EMAs as lines overlaid on the price chart.
2.- Up green triangles above bars when the price is on an uptrend and down red triangles below bars when the price is on a downtrend.
3.- Arrows with text to indicate the start of an uptrend or downtrend.
The user can enable and disable the indicators and signals as well as set colors and shapes to their liking.
This script also lets the user create alerts for uptrends and downtrends. To create a new alert using this script follow this instructions:
1.- Once you added this script to your chart, go to the alerts panel (right on web or bottom tool bar on the mobile app) and add a new alert (alarm clock icon with a plus sign).
2.- A modal window will open. On the “Condition” dropdown menu select “EMA Crossovers”.
3.- On the next dropdown menu (right below the “Condition” one) you can select from two types of alerts “Uptrend started” and “Downtrend started”.
4.- Lastly you can set all the normal alert options and create the alert.
SRSI/CCI :: ALLinPower v10.0
Everything you see in this indicator has beed designed with purpose to ease your trading with visual technical analysis of the market. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart.
When applied on chart, you will see two sets of WAVES. First set is made out of SRSI calculation and the second is made out of CCI calculation. Both of them follows the same rules.
Background GREEN/RED wave is made out of Multiple Timeframes and it represents a TREND. GREEN for LONG, RED for SHORT trend.
Over the background wave there is a wave made of current TimeFrame data and its main purpose is to see when the POWER of certain direction will diminish. The less time little wave stays in current trend the more likely is that it will change the trend based on lack of power the market is getting in certain direction.
HOW TO USE IT?
Rule 1.
TIMEFRAMES
Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
Rule 2
TO ENTER BUY/LONG POSITION: When big trend wave is below the middle line and coloured in RED and little wave just entered the area and exits it very soon after. Basically when RED straight line gets smaller and smaller (the POWER of SHORT diminishes) it is a sign for LONG.
TO ENTER SELL/SHORT POSITION: When big trend wave is over the middle line and coloured in GREEN and little wave just entered the area and exits it very soon after. Basically when GREEN straight line gets smaller and smaller (the POWER of LONG diminishes) it is a sign for SHORT.
To ease yourself the spotting of this instances just follow the GREEN/RED dots and use ALERTS (choose BUY POWER for LONG signals or choose SELL POWER for SHORT signals) to make yourself free from staring at a computer/mobile all the time and just wait for a signal.
Rule 3
CAUTION
Do not rush to enter a position and try to predict what indicator will do next. It does not end well.
Be aware you are not exiting a position in panic that would be too soon or even worse, you get married to bad trade and you are not exiting even though you should exit by many signals you get.
Use risk management strategy to protect your capital.
Follow the rules and make your trading easier and better.
ALERTS :: ALLinDivergence v10.0
Everything you see in this indicator has a designated purpose to ease your trading with predefined ALERTS of high quality. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart.
When applied on chart, it will colour your chart BARS/CANDLE to the colour PURPLE as that colour is well known colour of Relative Strength Indicator line that indicates overbought or oversold area. RSI is used as a main source of information/data for this indicator.
Second reason of colour PURPLE is that it cancels all the noise that default green/red bars have.
This indicator also has GREEN/RED colouring of BARS/CANDLES and they appear when something crucial is happening in the market. That something needs to be checked ASAP. This green/red coloured bars are just there to remind you that something can happen and it does not mean that market would actually change direction it is just a "friendly warning" you can use when creating alerts.
The best thing about this indicator is those full coloured GREEN/RED LITTLE DOTS.
They represent DIVERGENCES emerging and possible actual change of market direction. To be sure, you need to analyse your chart more in depth any way you prefer to get your needed confirmations. To do that, use your strategy that you have been using when trading up until now or even better, use indicator that I made and is called RSI :: ALLinDivergence v 10.0 -> It is a visual representation of ALERT :: ALLinDivergence v 10.0 indicator signals. Very easy to analyse in minutes.
HOW TO USE IT?
Rule 1.
TIMEFRAMES
Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
Rule 2
To ENTER A POSITION
Find the best TF that suits your needs. That depends on your trading style (day trading, scalping, swing trading, ect.). To know which TF is the best for you you also need to look for a good quality signals when looking the chart in the past (visual BACKTESTING). Signals from past should yield positive results.
When you wish to trade certain pair, find the best TF and from there you need to "Create Alert". Choose this indicator when creating alerts and from dropdown menu pick "GREEN" for Divergence BUY/LONG signals or "RED" Divergence SELL/SHORT signals. Then choose "Greater Than" and change the value to "1" (that will set off the alarm), choose how you want to be notified and then name the ALERT so you will know how it is made.
Do not forget to do your work and analyse your market situation best way you can and get needed confirmations before doing anything about it.
Rule 3
TO EXIT A POSITION
From the same TF as Divergence alerts are made from (Rule 2), you can make alerts that are just a "friendly warning" that something is happening on the market you are in an opened position. Instead of picking GREEN or RED from dropdown menu when creating alerts, you need to pick GREEN BARS or RED BARS and the rest is the same as with rule 2.
Rule 4
CONFIRMATIONS
Help yourself with any type of analysis you need to get the confirmations you need to enter or exit the position. Use the style you always have up until now. Or find a better one that is quicker and with good yield.
There is a great option that can change your way of thinking about trading and it is called RSI :: ALLinDivergence v 10.0 indicator that is used as a visual representation of ALERTS indicator. It takes literally minutes to do whole analysis - remember it uses data from 7 different TimeFrames and it is really good! Just find LowerHighs of RSI curve for SHORT or HigherLows for LONG.
